It appears an Elliott Wave - Horizontal Triangle may have completed at the 10/30/20 bottom. If so the SPX is now in a post triangle thrust up. The main target for what could be
a major peak is in the low 4000 area. This is calculated from the growth rate of the supposed Primary wave "1" - boxed added to the 03/23/20 SPX bottom. Based on seasonal factors the possible peak near 4000 could come in late April 2021.
Some degree of top could happen in early January 2021 around the upper 3700 zone.
Mark
a major peak is in the low 4000 area. This is calculated from the growth rate of the supposed Primary wave "1" - boxed added to the 03/23/20 SPX bottom. Based on seasonal factors the possible peak near 4000 could come in late April 2021.
Some degree of top could happen in early January 2021 around the upper 3700 zone.
Mark